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Whether a minor can participate?


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Guest LLandau
Posted

Could a minor be permitted to participate in a 401(k) plan?

Posted

there is no requirement to have any age limit for eligibility purposes.

care should be taken if it is the owners kid, because the kid will be counted as an hce, and this could lead to adp test failure.

Guest LLandau
Posted

Tom,

Your help saved the day. Thank you.

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